Understand but there should be over supply of corn as well this year - and that is good for $PEIX. Not sure if I shared with you the quarterly report of Monsanto..but they sold a lot of corn seeds. Here's one not so old news..
"Corn, by far the company's largest segment, reported $3.4 billion sales, compared with $3.3 billion a year earlier.
The Seeds and Traits division is expected to continue driving the company's fortunes in coming years, as worldwide demand for food increases. With a finite amount of land available to farmers, the company contends that bioengineered seeds and better growing practices are critical."